Regulatory News:
Electrolux (STO:ELUXA)(STO:ELUXB)(LSE:ELXB)
-- Net sales decreased by 3.0% to SEK 24,193m (24,930) and income for the period amounted to SEK -106m (492), or SEK -0.38 (1.76) per share
-- Operating income declined to SEK -39m (757), excluding items affecting comparability. The decline is partly due to negative non-recurring items amounting to SEK 430m and costs relating to the US launch amounting to SEK 120m
-- Lower sales volumes, due to the sharp decline in the US market, adversely affected operating income for appliances in North America
-- Weak markets in Western Europe and increased product costs had a negative impact on operating income for appliances in Europe
-- Strong results for appliances in Latin America, Asia/Pacific, floor-care products and Professional Products
-- Outlook: Operating income in 2008 is expected to be in line with 2007
The information in this report is that which Electrolux is required to disclose under the Securities Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act. It was released for publication at 08.00 CET on April 28, 2008.
This information was brought to you by Cision http://newsroom.cision.com
Contacts:
Peter Nyquist,
Vice President, Investor Relations
and Financial
Information,
+46 8 738 60 03
www.electrolux.com/ir
